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Tag: Fake notes

Recently, Police nabbed a government employee from his residence in Chirala town or Prakasam for allegedly printing and circulating counterfeit notes.

The accused has been identified as David Raju who is a junior assistant at Chirala RTC depot. Recently two vendors were arrested for possessing fake currency with a value of around Rs 3 lakhs. However, cops said that they did not print the cash and were only circulating them.

After further investigation, they revealed that they did not print the cash and were only circulating them. Based on the information provided by the two it was found that Raju was behind the whole racket. Fake currency worth Rs 13 lakh was confiscated from Raju with the equipment used for printing.

Raju was mostly printing notes of Rs 100 or Rs 50 and slipped the notes between the two original notes so as to avoid suspicion. Later he sold fake currency worth Rs 3 lakh for Rs 30,000. As per officials, Raju has been sent to judicial custody.

A special task force from Karnal and the Ambala Police has arrested two offenders with fake currency notes of Rs 500 and Rs 100 denominations. The authorities recovered 19 counterfeit notes of Rs 500 and 22 counterfeit notes of Rs 100. The total value of counterfeit recovered from the offenders have a value of Rs 11,700.

In the recent past, there has been an increase in the number of (FICNs) fake Indian currency notes of not just higher denomination but also lower denominations.

The persons arrested have been identified as Baljinder Singh, a resident of Asha Singh Garden, Baldev Nagar, Ambala City and Sumit Sharma resident of Housing Board Colony, Baldev Nagar, Ambala City. Both the offenders were presented before the court which sent them to two-day police remand.

On the complaint of the police official, the Baldev Nagar Police station has registered a case against both the accused under section 489A, 489Band 489C of the Indian Penal Code.

As mentioned in the FIR the police official stated, “We were patrolling near Baldev Nagar Chowk in Ambala City. We got information and took the necessary measure to catch the culprits with the counterfeit notes.”

The Mumbai City Crime Branch arrested a 37-year-old man with (FICN) fake Indian currency notes worth Rs 28,850. The police alerted that counterfeits are now being produced in lower denominations like Rs 200 and Rs 50.

The suspect has been identified as Jayesh Khaire, a resident of MHB Colony in Borivali East. The man was caught after responding to a lead that a man carrying counterfeit notes would come to the Charkop Market after which the Crime Branch of Kandivali Unit reached the spot.

One of the Crime Branch officers said that after searching the person he found fake notes of the value of Rs 28,850 along with two mobile phones, a PAN card and Aadhar card. The police have found two notes of Rs 2000 denomination, 20 notes of Rs 500 denomination, 15 notes of Rs 200 denomination, two notes of Rs 100 denomination and 33 notes of Rs 50 denomination.

The investigating officer said that after prolonged questioning Khaire confessed to his crime. This is a worrying situation as counterfeiters earlier used to pump in high denomination notes in India markets but now, they have begun pumping low denomination notes as well. He also said that they are also analysing his mobile phones.

Meanwhile, the police have booked cases under Indian Penal code sections 489A (counterfeiting currency-notes or bank-notes), 489B (using as genuine, forged or counterfeit currency-notes or bank-notes) and 489C (possession of forged or counterfeit currency-notes or bank-notes) were registered at Charkop police station.

Recently four persons were arrested from Narkeldanga area in concern with the counterfeiting of Rs 500 notes. Kolkata Police recovered counterfeit notes of both Rs 2000 and Rs 500 after the arrests from Maharani Swarnamoyee Street.

The four alleged persons have been identified as Prashanta Majumdar who hails from Nadia, Md Akram Ali a resident of Tiljala, Anaraul Haque from Malda, Guddu Khureshi from Topsia. The cops have been bewildered as the three people are from Kolkata.

The overall value of the counterfeit currency is around Rs 4.25 lakh. The confiscated notes include 163 Rs 2000 notes and 198 Rs 500 notes. As RBI is taking stringent regulations for the proper flow of Rs 2000, counterfeiters are making more emphasis on faking Rs 500 notes.

Police has revealed that the four men earlier used to bring notes through Malda but recently shifted their routes through Nadia and Assam. Counterfeiters were successfully able to copy 17 security features of the notes which include design, colour, pattern, number pattern, see-through watermark, the picture of Mahatma Gandhi, Swachh Bharat logo and slogan and motif of Mangalyaan.

The case related to counterfeit currency racket is likely to be handed over to the National Investigation Agency (NIA). The fake currency racket has spread its tentacles in many Southern states and may have international links to crime syndicates and terrorists.

Eight youths from Malda district who were arrested due to their involvement in the racket told the police that they were just distributing fake notes of Pakistani origin made available in Malda West Bengal. Fake notes of the value of Rs 2.19 lakh were seized from them, the police reported.

An official heading the NIA team rushed to interrogate the youths for more than six hours as the investigators suspect that they might have terror links. The team has taken their transaction and call details.

As the case has international crime links the Kerala state police won’t be able to handle the case further and the case has been taken over by NIA. The NIA in the past has handled cases of counterfeit rackets operated from across the border in other States.

Besides this, other intelligence agencies including military intelligence are keeping a close watch on the case and contacted the rural police. The fake currency notes seized are in the denominations of Rs 1,000 and Rs 500.

The Lahore Chamber of Commerce and Industry has forewarned the majority all in all and the business network specifically against the expansion of fake notes and encouraged the administration and the State Bank of Pakistan to dispatch mass drive to battle this menace. Continue reading “LCCI Looks for a Drive Against Fake Money Trade”→